The Business Times, 29 June 1979

Microfilm: NL10198
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 14J/1/7J FRIDAY, JUNE 29,1979 50 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Oil prices up by 25 pc
      85 1 UPI Reuter GENEVA, Thurs. The Organisation of Petroleum Exporting Countries increased the base price of their oil by about 25 per cent to $18 per barrel and agreed on allowing prices to go up according to quality to a maximum ceiling of $23.50 per
      UPI; Reuter  -  85 words
    • Article
      Lock icon Seeking more flights
      46 1 Reuter MANILA, Thurs. The Philippines is seeking to double the seven weekly flights it has now to the United States in the resumed negotiations for an air agreement between the two countries in Washington this week, the Civil Aeronautics Board said today. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Proposal a trick
      52 1 AP BEIJING, Thurs. China dismissed a Vietnamese proposed for a cease-fire along the SinoVietnamese border as obviously a trick to hoodwink public opinion. Despite the rejection, border talks between the former communist allies appeared likely to continue here even though some Western diplomats questioned the possibility of
      AP  -  52 words
    • Article
      Lock icon Limiting oil imports
      61 1 Reuter TOKYO, Thurs. The United States is prepared to limit its oil imports for this year to an average of 8.5 million barrels a day as part of an economic summit conference agreement, US officials said. The officials hope the 1980 target, which may be included in
      Reuter  -  61 words
    • Article
      Lock icon Borrowings going up
      38 1 Reuter PARIS, Thurs. Total borrowings on international capital markets is likely to increase by about 10 per cent this year to some US$llO billion (***** billion), the Organisation for Economic Cooperation and Development said. Reuter
      Reuter  -  38 words
    • Article
      Lock icon Silencing Australia
      24 1 Reuter SYDNEY, Thurs. A go-slow by telecommunications workers today disrupted Australia's telephone and telex links with the rest of the world. Reuter
      Reuter  -  24 words
    • Article
      Lock icon KL rejects Hanoi's plan
      63 1 Reuter KUALA LUMPUR, Thurs. Malaysia today rejected Hanoi's proposals for solving the refugee crisis that has thrust more than 75,000 Vietnamese "boat people" into the country. Special Hanoi envoy Mai Van Bo wound up two days of talks with Malaysian officials apparently unable to persuade them
      Reuter  -  63 words
    • Article
      Lock icon Dow Jones
      61 1 UPI NEW YORK, Thurs. The stock market moved higher early today in active trading while investors studied Opec's oil price increases. The Dow Jones industrial average, which gained 2.86 points on Wednesday, was ahead 1.82 points to 842.33 in the morning session. Advances led declines, 620 to 366,
      UPI  -  61 words
  • Chief Price Changes
    • Article
      SINGAPORE
      128 1 Falls Indices Sthn Malayan 1460 -20 Jun 27 Jun 28 Guinness 520 -20 B.T. Index: 2251.37 2210.81 O C B C Straits Trading M Banking 670 665 640 -10 -10 -10 Industrials: Finance: 380.11 376.39 676.93 673.54 FAN 550 -10 Hotels: 283.25 282.61 DBS 482 -8 Properties: 244.03 243.06
      128 words
    • Article, Illustration
      KUALA LUMPUR
      163 1 Falls Indices Petaling 925 -75 Jun 27 Jun 28 Fand N 555 -20 B.T.Index: 3284.34 3231.01 Malayan 1600 -20 Industrials: 408.67 405.85 M Banking 650 -15 Finance: 603.49 599.97 Utd. Mai 520 -10 Hotels: 257.29 257.25 Consplant Wrts 555 -10 Properties: 233.24 232.10 Inch KK 700 -10 Tins:
      163 words
  • Article
    Govt to cushion NWC proposals?
    706 1  -  CLARIFICATIONS SOUGHT By MARGARET THOMAS THE Government is expected to give manufacturers an indication of the kind of financial and other schemes it is prepared to introduce in the wake of the National Wages Council (NWC) recommendations when Mr Goh Chok Tong, Minister for Trade
    706 words
  • Article
    SIA move to save fuel
    219 1 SINGAPORE Airlines (SIA) has ordered four computer systems which are specifically designed to conserve fuel. When installed in four new 8727 aircraft due for delivery in the next two months, savings could amount to as much as $227,000 per aircraft a year. The new aircraft
    219 words
  • Article
    Sharp downturn in profits for Keppel Shipyard
    722 1  -  By ANTHONY TAN REFLECTING intense competition amid a worldwide depression in the marine industry, the Keppel Shipyard group has reported a sharp downturn in profits for the year ended 1978. Losses were incurred in the group's shipbuilding and offshore division, which, together with
    722 words
  • Article
    Hwa Hong share offer gets poor response
    252 1 THE POOR aentlmeat prevailing la ike stack market currently has taken Its tall m pabtic reapaase to tke share after by edlMe «Us aad Map maaafactarer, Bwa Haag Maaafactarlag Campaay Limited. Its aaderwrlter, United Ckaae Merekaat Bankers, aaaaaaced yesterday that at the etose
    252 words
  • Article
    Raja pulls out all the stops
    488 1  -  By RAHIM KASSIM SINGAPORE yesterday attacked publicly the territorial ambitions of Vietnam at the opening of the Association of South-east Asian Nations' 12th foreign ministers' meeting here. Foreign Minister S Rajaratnam, ignoring the niceties df an opening statement, dived straight into the crux of
    488 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      26 1 yoicLSAFE WITH AN ITOKI SAFE BUSINESS MACHMES SYSTEMS (S) PTE ITO 47 Podium Block Go4oft«il Ne*ton Road S.r>g«pof« 11 T* *****94* Ca6i« BUSNESTEMS 9mim»o* Leader Page <
      26 words
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      Page 1 Advertisements Column 2
      171 1 \tehavea history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow
      171 words
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      Page 1 Advertisements Column 3
      66 1 HMDS SHIPPING TIMES HONEYWELL upgrades Singa- nnrv ffl Mr< HOCK Lack Slew comments pore 0perati0n5......................... Z n SWEET mule eu onset faatfy uroau 11 NEW Aldepki Hotel will cost $13 JOHN Drysdale reviews recent million 12 Chinese developments 7 HSBC raises offer for Marine STOCK market report It 12 MEMOPAD
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      Page 1 Advertisements Column 4
      3 1 Leader Pace I
      3 words
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      Page 1 Advertisements Column 5
      145 1 Canon mcTaomc CMCWMO* jjJJ x Printing/Display fife That Flti in Ti Sol* Agantl Guthrie Trading Tel: *****5 t *****5 4 mm yit- L\ t 5^ need a hand. A helping hand when you need it most: WiyfbongMAF The car of your dreams will continue to remain so unless you have
      145 words
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  • TRADE AND INUDSTRY
    • Article
      Honeywell's regional test centre
      462 2  -  FIVE-YEAR PLAN By JOHN LIM HONEYWELL-Synertek, a Singapore-based company, is gearing up to serve as the regional test centre for integrated circuits produced by its American parent. A subsidiary of Honeywell Corporation, a large US company, HoneyweU-Syner-tek (HS) will be spending $10 million over the next
      462 words
    • Article, Illustration
      'Gentle touch' crane
      123 2 THE LATEST NCK-Rapier Ajax crane (CS tonnes capacity) Incorporating an "Aerolift" vac a am lifting system, can lift loads without scratching or damaging them. The lifting system consists of a hydraulic motor-driven vacuum pump, rotary actuator and suction pads, and is pivoted on the crane's inner hoom,
      123 words
    • Article
      NEW CALLING SYSTEM
      87 2 PATIENT-to-nurse call systems will be installed at Singapore's new Mount Elizabeth Hospital when it is completed next month. Sedco Pte Ltd of Australia has been chosen from 30 tenderers to supply the systems. Shipment of the equipment began in April. The system allows private voice-communication between patient
      87 words
    • Article
      SILO TO OPEN 15TH SUPERMARKET
      126 2 aiLU Multi-Purpose Cooperative Society will open its 15th supermarket at Coronation Road tomorrow. The cooperative has described this as its most modem and best decorated supermarket so far. On opening day, special offers on a wide range of consumer goods will be offered and a
      126 words
    • Article
      MEMO PAD
      278 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, SITC, SITC June 22-Aug 18: Systematic training for effective parenting, Waterloo Street Centre, Dept of Extramural Studies June 28-July 3: Managing
      278 words
    • Article
      Easier to organise exhibitions now
      233 2 PROCEDURES required in the organisation of exhibitions have been simplified to help promote the industry further in Singapore. The Ministry of National Development, for instance, has decided that designated permanent exhibition areas will be exempted from having to apply for permits to erect exhibition booths
      233 words
    • Article, Illustration
      Continued cooperation for S'pore and Asean
      350 2  -  By LEE YOKE MENG THE AUSTRALIAN government will continue its emphasis on fostering a greater degree of cooperation between Singapore and the other Asean countries. Speaking at a press conference yesterday, Mr Anthony Street, the Australian Minister for Industrial Relations, said that for Australia,
      350 words
    • Article, Illustration
      SEMINAR FOR LOCAL AGENTS
      94 2 ABOUT M agents attended a seminar on promotion of Australian exports of building materials held at the Australian Trade Commissioner's office here on Wednesday. TWs is the flret of a series of seminars for local agents organised by the Trade Commissioner. Subsequent seminars will be for
      94 words
    • Article, Illustration
      Density storage speaker
      96 2 MR PAT HARRISON (above), one of Australia's experts on high density storage and handling, will be guest speaker at a special meeting of Singapore's Institute of Materials Handling at the RELC today. Mr Harrision, who is national marketing manager of Colby Engineering Pte Ltd, a leader in
      96 words
    • Article
      Response for $220m loan very good
      113 2 THE 5220-million loan Which was formally signed on Wednesday between Malaysia and a consortium of 24 Banks from the Arab capital market was over-sub-scribed. In disclosing this during his luncheon speech to mark the signing of the agreement, the managing director and chief executive
      113 words
    • Article
      ICB branch
      55 2 INDUSTRIAL and Commercial Bank (ICB) opens its Ang Mo Kio Branch today. The branch is equipped with safe deposit boxes to cater for residents of Ang Mo Kio Estate. It will also offer a free new service to its customers. Called the ICB TELEPAY, it takes care of
      55 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      724 2 ISLAND FINANCE LIMITED (tocenwated fte Renubfc o« Singapore) BALANCE SHEET AS AT 31st DECEMBER, 1978 4. FIXED ASSETS: Accunfeted Cmt Depreoato» Baiawce As »t 31st December 1978 Othce Renovation $20,108 14.429 $5,679 6,765 4.854 1.911 Furniture and Fittings 13.684 5.493 8.191 Office Equipment 5.708 3.450 2.258 46j265 2^226 As at
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    • Advertisement
      Page 2 Advertisements Column 2
      164 2 ATTENTION CLOCK RADIO MANUFACTURERS PCIM 172/173 your answer to clock radios with easy function settings to help increase sales. Only six switches needed. (Actual Sire) "Iftis is the latest in our range of LCD Clock Modules featuring hour and minute display dual alarm snooze timer sleep timer battery level indicator
      164 words
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  • REGIONAL
    • Article
      Lock icon China to take part in refugee talks
      166 3 Reuter CHINA, which has already accepted nearly 250,000 immigrants from Vietnam, will take part in United Nations refugee talks today for the first time in 28 years, UN officials said yesterday. Beijing's participation in a routine executive committee session of the UN High
      Reuter  -  166 words
    • Article
      Felda plans to go into industrial development
      687 3 FELDA has adopted a calculated three-pronged strategy to diversify its land-based activities into industrial development, the Malaysian Lands and Regional Development Minister, Tan Sri Datuk Abdul Kadir Yusof said. This calls for the establishment of agro-based industries, economy in land use and manpower
      687 words
    • Article
      Lock icon Beijing questions Hanoi's sincerity
      352 3 AFP Reuter CHINA cast doubt on Vietnam's "sincere desire" to normalise relations between the two countries when talks at Vice-Foreign Ministerial level resumed in Beijing yesterday. Chinese Vice-Foreign Minister Han Nianlong began the second series of Si no-Vietnamese talks since their February-March border war by complaining
      AFP; Reuter  -  352 words
    • Article
      Lock icon INVESTMENT RULES
      134 3 Reuter FOREIGNERS investing in joint ventures in China will have to Md at least 25 per cent of the registered capital, the New China News Agency said yesterday. It said It had "leaned" fram government departments involved that this is one *f the sttpnlattoas in a draft law
      Reuter  -  134 words
    • Article
      DIVIDENDS ANNOUNCED
      665 3 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previoua year Bousteadco 10% Jun 18 Jun 25 Jun 29 12.5% 11.4%(&) Eu Yan Sane 7.5%<b) Jun 11 Jun 18 Jun 29 7.5% 75% Malakoff 12-5%(s) May 29 Jun 8 Jun 29 20% 11.25%(a)
      665 words
    • Article
      SCRIP ISSUE
      141 3 Company Particulars Ex Date Books Close Mai Flour Bonus Issue of 1 (or 2 Jun 27 Jul 9 Oriental Hide* Bonus Issue of 8 for 5 Jul 4 Jul 16 Spore Glut Bonus Issue of 1 for S NYA NYA Yeo Hiap Seng Bonus Issue of 1 for
      141 words
    • Article
      KL to relax car registration procedures
      388 3 THE Malaysian Road Transport Department has agreed to relax certain administrative procedures which had been causing difficulties to motor traders, finance companies and their clients. This was reached at a meeting in Kuala Lumpur on Wednesday between the Road Transport Department, the Malaysian Motor
      388 words
    • Article
      Kassim, Chan defends its audit of Bank Rakyat
      359 3 KASSEM, Chan and Company of Malaysia maintains it had properly discharged its duties as external auditors during 1973 and 1974 when it audited Bank Rakyat's accounts. The firm issued a statement on Wednesday, clarifying its position in the light of the Malaysian
      359 words
    • Article, Illustration
      COTTON THRIVING IN AUSTRALIA
      348 3 ON INDUSTRY forecasts, 1979 is going to be the best year for Australian cotton since the country's first cotton buds were harvested more than 100 years ago. Given favourable conditions until the completion of ginning in August, it is estimated that 238,000 bales of cotton will
      348 words
    • Article
      Lock icon Rice for Malaysia, Indonesia
      88 3 Reuter A TOTAL of 10,250 tonnes of milled rice were loaded in the Philippines yesterday on two ships for export to Indonesia and Malaysia, shipping agents said. The vessel Gemilang took in 5,000 tonnes in Dadiangas, southern Mindanao Island, destined for Menado in Indonesia and the
      Reuter  -  88 words
    • Article
      Manila plant safe
      295 3 WESTINGHOUSE Corporation said on Wednesday that the US$l.l billion (552.42 billion) nuclear power plant it is building for the Philippines is well protected against conventional bombs or even direct hits from crashes of large airliners. Dr Howard Arnold, president of the United States Westinghouse Nuclear International Corporation,
      295 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      42 3 t 31 v u i i Cool, refreshing, lifts you up. Pink, light, doesn't knock you down. Only discerning palates can acquire this new taste sensation. Campari Tonic Campari Soda Campari 7UP Campari Orange Campari You. Sole Agent: FOOD BEVERAGE (PTE) LTD.
      42 words
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  • RAW MATERIALS
    • Article
      RUBBER
      366 4 OPENING prices in Singapore yesterday were marked down about 1.25 cents on lower London and Japanese advices coupled with stale bull and upcountry selling. Some Japanese arbitrage selling was also noted, dealers said. Forwards were quiet except for October December 1979 which was traded at a reduced premium. Some
      366 words
    • Article
      Closing prices
      30 4 Rubber: June 28 Singapore: July: 289.00 cents (down 5.25 cents) Malaysia: July: 288.50 cents (down 5.75 cents) Tin: $1,994 (up $9) Official offering: 180 tonnes (down 31 tonnes)
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    • Article
      RAS PRICES
      368 4 R.A.S. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S.S prompt f.o.b 292 50 293.50N ***** 292. SON Int 1 R.S.S. July 290.00 290.50 289 00 289.50 Int. 1 R.S.S. August 290.50 291.00 289 50 290 00
      368 words
    • Article
      SSR and SMR
      113 4 NOON SSR and SMR prtc« yesterday HAS July August (Correal Mth) (Forward Mtkl SSR 20 Buyers Seller® Buyers Sellers 11 ton pallet) ***** 283.00N 282.00 284 00N SSR 50 11 ton pallet) 278.00 *****N ***** 281.00N MRELB SMR CV 11 ton pallet) 318.00 320 00N ***** 320
      113 words
    • Article
      Straits tin
      63 4 THE STRAITS tin 111 Penang yesterday rase another Ms 9 to $1,M4 a picol. The continued rise in the London market on Wednesday, lower supplies of tin from miners aad further baying from Japan, Europe and locally all boosted the metal further, dealers said. Total turnover fell slightly
      63 words
    • Article
      Rice
      333 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop O.K. 100 per cent second class 0 85. 100 per cent third class 0.80. 25 per cent new crop no stock. B-10 per cent 0.70. THAI BROKEN: A-super 0 62.
      333 words
    • Article
      Hongkong Comex
      176 4 THE SUGAR futures market yesterday closed firm in continued quiet trading with no trades registered as on Wednesday, dealers said. July closed at 8.50 55 US cents against Wednesday's 8.35 40 close. September at 8.90 95 against 8.80 85 and distant May at 10.25 30 against 10.20.25 cents.
      176 words
    • Article
      LONDON MARKETS
      369 4 COFFEE: Robusta futures yesterday ended the morning £16 to £30 per tonne higher. Turnover totalled 6,202 lots. The market displayed a firmer trend due to recent strength in New York and trade reports of good demand for milds, particularly from West Germany, trader said. Commission-house and chartist buying
      369 words
    • Article
      Lock icon METALS PLUNGE
      183 4 Reuter COPPER yesterday lead a general downturn in London Metal Exchange prices in early pre-mar-ket dealings following the announcement of higher oil prices, a near limit decline in overnight US copper futures and strength of sterling against the dollar. This metal traded in the range £875/868/872 per tonne
      Reuter  -  183 words
    • Article
      Wheat
      181 4 CHICAGO wheat futures closed sharply lower on Wednesday, after an afternoon bout of local and commission-house selling but avoided the limit losses posted in other pits. Declines ranged from six to 15 1 2 US cents a bushel. A steeper plunge was prevented by late buying by a commission
      181 words
    • Article
      Palm oil
      81 4 CIF North European ports, in US dollars per ton unless otherwise stated LONDON: Wt4 Prevtaaa Malaysian 5% ffa bulk per tonne August 700slr 696s Ir Sumatra 5*> ffa bulk June unch 695slr July 712'j sir/ 7l0pd 710s1r/ 707 pd August 7lOslr/ 07 pd 707'j slr/701/ TfV^rwl September 705sIr
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    • Article
      Produce exchange
      350 4 COMMODITY prices ruled generally easier in very quiet trading on the Singapore produce market yesterday. All grades of pepper were marked down by a further $2.50 a picul following the appearance of cheaper sellers at origin. Buyers, on the other hand, were hard to come by. The few
      350 words
    • Article
      Textiles
      198 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (la HK dollars, spot ex-godown) Crttaa yifi: China Bhie Phoenix 20b 2.300 22s 2.806 40s 3.015 (per bale o( 400 lbs). Ptoee |»i*i: China Butterfly and Globe brand unq. Dragon Head unq: Five Lambs unq; Flower and Butterfly
      198 words
  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      464 4 THE US dollar closed stronger against major currencies yesterday. But trading in the day saw rather wide fluctuations, with uncertainties over the outcome of the Opec meeting and the Tokyo Summit. Against the yen, the US dollar started off at 215.30/ 40 and was quickly traded up to
      464 words
    • Article
      Tokyo
      122 4 THE US dollar for overnight delivery yesterday closed at 215.60 yen, up from a 215.40 opening but down from 216.40 at Wednesday's close. Trading was fairly active with volume US$7lB million. The dollar fluctuated between 215.30 and 215.70 yen in slow late trading after early weakness reflecting its overnight
      122 words
    • Article
      Gold
      198 4 SINGAPORE gold futures yesterday slightly higher, compared with the overnight close in fairly moderate trading, dealers said. Turnover fell to 189 lots compared with Wednesday's 337. October closed slightly firmer at U*****.40/60 an ounce against $290.10/30 on Wednesday, December at $295.40/50 ($296.20/40) and February at $300.50/301.00 ($301.20/6.00). Meanwhile, Slagmaa
      198 words
    • Article
      Asian $ rates
      150 4 Asian rates ASIAN currency deposit interbank rates as at close on June 28: US Dollars Spot) Offer Bid 7 days 10 11/16 109/16 1 months 10 10H 2 months 1011/16 10 9/16 3 months 10'. 10H 6 months 10. lOt 9 months 10 7/16 10 5/16 12 months 10% 10'.
      150 words
    • Article
      Discount
      52 4 RANGE of prices offered by discount houses on June 28: Overnight 4H r S Call deposits 4 S »'A ClosiBg Bajrimg Selling 3 month Treasury bills 4H 4 3 month Bank bills 7"» 7' t 3 month CO 7'» 7 6 month CD 7'. 7' m Source: National Discount
      52 words
    • Article
      Hongkong
      105 4 THE US dollar yesterday recovered from the day's lows against major currencies but was still generally weaker on the wider US trade deficit in May and reports of a split price structure from the Geneva Opec meeting, dealers said. The US unit was quoted at a late 1.8340/50 marks
      105 words
  • ASIAN STOCKS
    • Article
      Lock icon Market cautious
      555 4 Tokyo Source: DBS-Daiwa DUE TO investor concern over the uncertain outlook regarding business activity caused by Opec meeting in Geneva, caution prevailed over the market. Only limited number of speculative issues backed by good incentives were actively traded. Natural-resources-related issues, including oil refinery issues and coal producers, were
      Source: DBS-Daiwa  -  555 words
    • Article
      Lock icon Hongkong
      378 4 Source: SHK Sec Ltd THE MARKET put in a mixed performance yesterday, after opening weaker due to confusion over statements from the Opec meeting in Geneva about a two-tier pricing system. As the Japanese market gained further ground and the US dollar did not fall dramatically, some short-covering was
      Source: SHK Sec Ltd  -  378 words
    • Article
      Sydney
      235 4 JUNE 28 Cenu INDUSTRIALS a r i 183 unch A M I m unch API! 12S6 16 m 356 2 -♦•24 •ft BormJ 223 10 Brambles 1196 C. B. A MB -1 4S unch e a. ft. Coal Allied m MO nimlnp m 4-1 Ejl Ind 11—M 3078 3428
      235 words
    • Article
      Manila
      101 4 JUNE M Peeoe Acoje Mining 00# (inch AUai Con. A Altai Con B 11.40 Bafuio Oold 008 unci) Benruet Con. B BP* Goodrich 22-30 +15 CDCP ZZ it jo unch Inco B. Landoll Lepento B. ZZ 1735 40Q2& Mannduque B too unch Meraleo 17J0 ♦IU Oriental A Oriental B
      101 words
    • Article
      Bangkok
      228 4 JUNE 26 Bahts AlU Credit Asia Fibre 180 -2 Ayuthaya In* And Trust 140 -3 Bangkok Investment 230 unch Bangkok Bank Bangkok Drying And SllO 348 -2 Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia 187 unch Bank Of Ayudhaya Ltd 226 unch Bat* Berll Jucker Carpet
      228 words
    • Article
      Selected indices
      64 4 FINANCIAL TIMES INDUSTRIALS Wednesday 466.9 Tuesday 475.2 Week Ago 488.9 DOW JONES AVERAGE INDUSTRIALS Wednesday 840.52 Tuesday 837.66 Week ago 842.17 LONDON DOLLAR PREMIUM Wednesday 35 to 35 < Tuesday 33 s to 34'* H.K.HANG SENG Thursday 536.67 Wednesday 536.55 Week ago 540.79 SYDNEY INDUSTRIALS Thursday 477.40 Wednesday
      64 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      117 4 The Eurochair. Diethelm Eurochairs for conference rooms and reception areas Sophisticated Luxurious and Comfortable The unique modular system provides flexibility in arrangement to suit modern office areas And their clean modern lines add a new dimension to your office environment For top management level the Executive Eurochair is a must
      117 words
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  • OVERSEAS
    • Article
      Lock icon Thatcher may get a reprieve
      167 5 Reuter BRITAIN'S trade unions agreed to oppose government economic policy bat will not launch an all-out campaign against Conservative Prime Minister Margaret Thatcher. The general council of the Trades Union Congress (TI C) approved a detailed statement dissenting from the bold and controversial line outlined
      Reuter  -  167 words
    • Article
      Lock icon Comecon will not be hit by energy shortages
      408 5 Reuter THE Soviet bloc's 10-nation Comecon economic grouping can look forward to having adequate supplies of energy. Disclosing this, the Soviet Minister for Power and Electrification, Pyotr Neporozhni. said the reasons for this sufficiency were sound planning and mutual assistance within Comecon.
      Reuter  -  408 words
    • Article, Illustration
      Lock icon Summit draft urges cooperation with Opec
      697 5 OIL MARKET CONTROL Reuter LEADERS of the world's seven major industrial nations ended their first round of summit talks yesterday, emerging with grim faces and there were no signs of progress on curbing their nations' appetites for oil. US President Carter and the leaders
      Reuter  -  697 words
    • Article
      Lock icon Giant N-plant for UK
      98 5 AFP THE British government has gives the gi ahead for the constriction of a new giant nuclear power plant. Energy Minister David Howell said that the new 1,329 megawatt plant will be boilt at ronghly HS» million (SILK billion) next to a similar plant now under
      AFP  -  98 words
    • WORLD IN BRIEF
      • Article
        Lock icon TAXATION DEBATE
        532 5 Agencies IN A stormy debate on Wednesday, the Council of Europe's mini-session discussed a British report which said countries with low taxation function more efficiently. The report, by British Conservative Member of Parliament Sir Frederic Bennett, condemns countries like Sweden which have high taxation, considerable state intervention in
        Agencies  -  532 words
    • Article
      Farm ministers hit over sugar surplus
      239 5 THE Common Market farm ministers' failure to suggest measures to curb sugar surpluses was deplored by the EEC Commission on Wednesday. The ministers, who fixed farm prices for the 1979/80 season last week also failed to take sufficient action in the dairy sector, a
      239 words
    • Article
      Chemical Bank foresees slower Europe growth
      359 5 EUROPE'S economic growth rate is likely to slow next year, accompanied by higher inflation and a decline in current account balances, according to Chemical Bank's latest European Economic Trends. The bank predicts the overall European growth rate in 1960 will decline to 2.5 per
      359 words
    • Article
      US trade deficit deteriorates
      183 5 AMERICA'S trade deficit worsened in May (or the second month running to US$2.5 billion (555.5 trillion), compared with $2.2 billion in April, the Department of Commerce announced. Imports, on a free alongside ship (FAS) basis and taking into account seasonal variations, totalled $16.3 billion, while exports
      183 words
    • Article
      Lock icon Bonn loan for India
      77 5 AFP WEST Germany extended a commodity loan of 312.5 million rupees (SJB2 million) to India under an agreement signed between the two countries in New Delhi. The loan amount is to be used for imports of goods, including spare parts and accessories and fertilisers during the
      AFP  -  77 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      686 5 ARRIVALS Service Local Operator Number Time From SLA SQ240 1210 MES MAS ronoM 1245 KCH SLA SQ201 1245 HLP KLM KL833 1300 AMS/ATH/ KHI/CMB SLA SQL 1350 SPO/HNL/ GUM/HKG MAS MH651 1330 (MES)/PEN/ KUL SLA SQ455 1340 BWN SLA SQ61 1340 BKK SAS SK97L 1345 CPH/DEL BKK
      686 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
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      62 words
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      Page 5 Advertisements Column 2
      152 5 I I sf*Ms#sFS jjMS*V •4: vWv 7 5iP «eJB£ The new Mazda 929 L Legato station wagon brings prestige accommodation of the highest order within the reach of any normal motorist. Luxuriously appointed, it doubles as a rugged, hardworking people and cargo carrier. With real economy. Extras which are useful
      152 words
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  • Article
    Local industrialists need a helping hand
    377 6 MR GOH Chok Tong, as evidenced by his past performances, is most adept at making his afterdinner speeches a memorable affair. Alas, the forthcoming annual dinner of the manufacturers association is not going to provide him with much room to introduce controversial subjects that
    377 words
  • Article
    Oil bulls have gone too far this time
    335 6 THE OIL bulls will look at the U5523.50 a barrel figure. The bears will instead count $18. But the evidence suggests the bears have the edge this time, and that oil prices have pushed upwards a little too far with the shaky
    335 words
  • Article, Illustration
    Lock icon Sweet music can upset family planning rhythm
    998 6  -  Family Planning 1 By JOE FERNANDEZ Depthnews IF THE cry of a new-born infant is sweet music to a mother's ears, it is no exception with the Malaysians. An excess of such sentimentalism does little, however, to boost the morale of Malaysia's National
    Depthnews  -  998 words
  • Article
    Lock icon COORDINATED APPROACH HELPS
    772 6  -  Family Planning 2 By MARCELO SORIANO Depthnews IN THE 12th century in ancient Philippines, as recounted in the maragtas (history), Datu Suraakwel issued a decree to the inhabitants of Panay and other Visayan islands in Central Philippines: "Only those who can support a family or several families
    Depthnews  -  772 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      115 6 mm. mm Lv MM j, is r? (rf* M S BBS sag^i* mfi m N" niVBSOAT. fl^jjjgj^ T*& At last, reach the big spenders. Leisure Times is right on target For as little as $15, you can reach the swankiest, the best dressed, the most affluent crowd in town with
      115 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1338 6 Terror on the coast PEOPLE living la remate coastal cottages should not watch the TV movie tonight. It's ahoat a series of terrifying evesta threatening the Uvea of some people trapped la a remote coastal cottage. Bat then there can't be very many people in Singapore who live in a
      1,338 words
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  • Article, Illustration
    THE BLOSSOMING NETWORKS
    1109 7  -  By GOH ENG KEE THE PROPOSED introduction of two new cable networks in the 1980s by the Telecommunication Authority of Singapore (Telecoms) will offer Singapore firms access to the vast store of computerised information in the Republic and overseas, and to the wide range of video-audio entertainment.
    1,109 words
  • Article, Illustration
    New economic order off to shaky start
    693 7  -  FOBUMi with JOHN DRYSDALE CHAIRMAN Hua Guofeng's gloomy, but extraordinarily frank, statement this week about China's economic performance came as no surprise but his remark that the root causes of "prolonged political turmoil and splitting" had been eliminated, cannot be taken seriously. Politics
    693 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      822 7 CREDIT SUISSE SWISS CREDIT BANK SCH WE IZE RISCHE KREDITANSTALT CRECHTOSVIZZERO Balance sheet as of December 31.1978 Profit it less account 1978 Loans Advances in current accounts, unsecured Advances in current accounts, secured of which secured by mortgages Time loans, unsecured Time loans, secured of which secured by mortgages Advances
      822 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      52 7 JliStoW: Frank Dickenfi WOULD "Ou SP>N HP*VC p* IOO&ht 7. V-w /CO GOU-D SRY MCOO PPvT Rpn I o STOP Teu_ I CUODL>/ FPfT HONCSTIn/ 'OR UGCV FfiT° J HOU) DO 'VOu ~*"i£ 9 fC' "i SuPfOSc- v piße >ou no€NTiC»M ;T £4 '•"J -•< at: (Ne ne£ ,Reßu.y A
      52 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        280 8 JUNE 27 Frs CORBEILLE Air-Llquide 412 -1 B S N Gervals D&none 667 2 C S F (ThomsonCsf) 386 •3 Cle Francaise des Petroles J. 201 •2 Compagnie Flnanclere Compagnie GeneraJe 381 -1 Credit Foncier De France 470 7 Hachette (I.lbralrle). 252.50 -0.5 Machines Bull 58 90 -04 Michelln
        280 words
      • Article
        Zurich
        188 8 JUNE 27 Francs Actions Sulsses 290 I Alusulsse Br 1220 •5 Alusulsse Erg 485 -2 Brown Boverl Br. 1750 unch Ciba Geigy Br 1235 -5 Clba Geigy P C 995 unch Ciba Gelgy Reg 685 -I Credit Suisse Br 2185 5 Credit Suisse Ref 423 1 Elektrowatt Br 2035
        188 words
      • Article
        Brussels
        94 8 JUNE 27 Frs FORWARD MARKET Acec Artwd Astur Brascan Bru-Lamb 434 2580 600 638 1740 -4 -40 4 -8 -30 Canpar Cock De Bwrs Etws Electro bel (62 490 280 2180 6810 22 •10 unch 5 -40 Gb-Inno-Bm Or* Hobo* Petfo Ryl Dutch 2585 1220 2865 4840 2215 unch
        94 words
      • Article
        Amsterdam
        203 8 JUNE 27 Fls abn 340 50 -1 Ahold 93.80 0.5 Akzo 28.50 -06 amev 84.30 -12 Amfas 107 50 unch Am rot Bank 66 70 -0.6 Berg oss 5720 unch Berk 94 50 unch Bols 54 50 -13 Borsumlj ***** unch Burhm&nn 62.50 1 Byenkorf 70 00 -05 Calve
        203 words
      • Article
        Frankfurt
        236 8 JUNE 27 Dm Aef-Telefunken 48 70 -1 Akzo 25 90 -0.4 Alls Leben am oo 10 Alts Ver* 449 00 1 BASF 135-10 -13 Bay H T Wbank 246 50 -2 Bay Vbank ***** -S Bayer 125.30 -15 BBC 258 00 25 BMW 187 00 -85 Casaella 340 00
        236 words
      • Article
        Milan
        105 8 JUNE 27 Lire Anlr 31 5 -15 Assoc Gen ***** 200 Baslogl 784 31 Central* 5370 90 Flat 24% 37 Flnslder 153.75 *025 Gen lmmob 8725 OA IFI Prl 2340 35 Italcemenu ***** 830 I taigas 710 1 Italsider 385 10 Magneti M Pf 558 uncft Marelll Ere 278
        105 words
      • Article
        Johannesburg
        302 8 JUNE 27 Rand INDUSTRIALS A Alpha 156 uncb Abercom 220 uncb AE And CI 450 unch AMIC 1350 Barlows 570 -5 Cg Sugar 355B CNA 240 unch Currte Finance 89 unch De Beers Ind 1625B 25 Edcon 310B Edgars 4000 unch Eveready Fed Volk 190 unch Fuglt 118 1
        302 words
      • Article
        TORONTO
        209 8 JUNE 27 Ct Abltlbl 18 Alean 40 v, Algnrr.a 28"% unch Bank Mont 24 <■ ♦»> Bank Nova Scotia 23 Bell Tel MS Beth Corp BP Can Ltd 28'. 1* Brasean 23\ unch Camp Red Lake 21 >. Can Imp Bk 25-. Canpac 34 is Canpac Inv Pf Car
        209 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      185 8 Where to wine, dine and entertai F". m m Take a new look at the Harbour Grill. Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice US prime beef, our daily Nouvelle Cuisine specialities or let our executive Chef, Leo Waldemeier help
      185 words
    • Advertisement
      Page 8 Advertisements Column 2
      115 8 A I S featuring hoi favourites from Penang's top hawkers yriai? Aown in by Mow§ Km|l Ambwh nrfaat CATHAY PACIFIC I 6 1a( ail* (to co-operauoa o4 PENANG DEVELOPMENT CORPORATION SSIO.OO nett lux mcludcdi for a choice of 3 authentic Penang dishes June 24—30 Pootside < sth Floor) Sf Lunch:
      115 words
    • Advertisement
      Page 8 Advertisements Column 3
      190 8 See Page 4 for Asian stocks See Page 9 for NYSE prices lubertusf tSriU For lunch. For dinner. For a richly rewarding experience. Also Businessmen s Lunch Monday to Friday $18 3% CESS Javanese Rijstafel Saturday Sunday $16 3% CESS For reservations call *****7 Vntury I'Jirk SlmtiiKni Jk (S) SHERATON
      190 words
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      Page 8 Advertisements Column 4
      139 8 SLanjesc Seafood Regale yourself on a galaxy of palatable Thai food, done in superb style. Attractively and artistically prepared by our That Chefs, and served in the romantic surroundings of the garden patio, our Siamese Seafood will be an exhilarating experience added to the pleasant company you bring. The Siamese
      139 words
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      Page 8 Advertisements Column 5
      265 8 Wfe Have A Great Thing Going j At the Great Eastern Hotel. Raja Theatre Restaurant and Nightclub. With lots of attractive hostesses to charm your heart.) Come over- our foreign singers will woo you, while you dine the most exotic meal. Nightly floorshows to entertain you too. We open trom
      265 words
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  • BANKING
    • Article
      ACBC poised for better times
      508 9 AFTER more than five years of mending, Singapore's fifth largest local banking group, Asia Commercial Banking Corporation (ACBC), is poised for a new phase of expansion. According to the bank's latest annual report, net profit last year rose by a creditable 28 per cent from
      508 words
    • Article
      BANK NOTES
      353 9 THE RUMOUR mills have been grinding exceedingly fine on the possibility of the OCBC making a grab for an American bank the Fidelity Bank in Philadelphia, no less. No confirmation has yet come from the top men at the local bank but we hear they are viewing this
      353 words
    • Article
      S$ STILL STEADY
      288 9 THE Singapore dollar has been trading in a range of $2.17 to $2.20 to the US dollar throughout this year compared with an average rate of $2.27 to the US dollar in 1978. The Singapore dollar is a free floating currency, but tends to follow the US
      288 words
    • Article
      Computer stocks firmer
      1101 9 NEW YORK STRENGTH in computer issues provided a safe harbour from confusing reports from Geneva on the Opec oil talks and the stock market edged higher in active trading on Wednesday. Analysts said investors hoped that if the talks dragged on, the Saudis could force a moderate
      1,101 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      1326 9 SING INVESTMENTS FINANCE LIMITED (Incorporated in the Repubfc of Singapore) AND ITS SUBSIDIARY COMPANY BALANCE SHEET 31st DECEMBER, 1978 (in Singapore dolars) The Company lilt TTw Group PROPIT a LOSS ACCOUNT YEAR ENDED 31st DECEMBER. 1078 (in Singapore dollars) SHAREHOLDERS' EQUITY: Share capital (Note 2) Statutory reserve (Note 3) Unappropriated
      1,326 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1064 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Sincapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,064 words
    • Article
      Government bonds
      172 10 4 1/2% 1/8/80 (250,000) (99 508 99 80S) 4 3/4% 15/9/80 (250,000) (99 658 99 755) 5 3/4% 1/6/78-80 (250.000) (100.758 100.858) 5 1/2% 1/5/78-81 (250.000) (100.358 100.455) 5 3/4% 1/8/78-81 (250.000) (100 488 100.58S) 5 1/4% 1/3/81 (250,000) (100 108 100.20S) 5% 15/4/81 (250,000) (99.058 99.755) 5%
      172 words
    • Article
      Stock options
      48 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of op- tions traded shown in brackets. U E (June *1.25) (4). 0.22. HOB (June $2.90) (3) 0.42
      48 words
  • Article
    Unit trusts
    152 10 SINGAPORE INTT TRl'ST INCOME BOND UNIT (MsMfffi' priea ihrta» (Ourent pt toes) 1.U The Commerce The Saving Fund 2.01 2. Lied 1.31 1 39 Income Bond 1.17 S pore Prog Fund 0.94 99 S pore Sec. Fund 1.75 1.86 S'pore Invest Fund 1.18 1.25*d S pore Equity Fund
    152 words
  • Article
    SHARE INFORMATION SERVICE
    2535 10 Gr'» Gr*» Net 1979 Last Div Div Y*M P/E Vol Day .High Low Company Sale +or- C'vr COOO) High Low y SECTION ONE V* INDUSTRIAL COMMERCIAL Z 261 207 Acma 236 unch 15.0 22 65 151 20 236 236 190* 123 Alcorn 179 10.0 15 55 23.8
    2,535 words
  • Article
    In Kuala Lumpur
    1363 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number at shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Ajinomoto (2.865) Atawa (1) 141 (1) 1.80 AChae (133B) AMD (0.4(B)
    1,363 words
  • Article
    COMPANY MEETINGS
    230 10 Kaadaag Taajaag Pu BM: AGM to be held at 70, Jalan Ampang, Kuala Lumpur at 2.30 pm on June 29. CeatomJ Properties Ltd: AGM to be held at the Fuji Room of Ming Court Hotel, Tanglin Road, Singapore at 12.30 pm on June 29. Meatakab Bakktr C». (M)
    230 words
  • Article, Illustration
    Prices dip further in very quiet trading
    682 10 PRICES dipped farther is very quiet trading at the Stock Exchange ef Slngapere yesterday. The mernlag session saw sellers dominating the scene all the way while boyera stayed m the sidelines. Seattment remained the same in the afteraeea when it became known that
    682 words
  • Article
    Dull conditions prevail in Kuala Lumpur
    515 10 CONDITIONS were dull on the Kuala Lumpur stock market yesterday with prices again fluctuating within narrow margin to close slight easier. Traders, by and large were cautious, and most were prepered to wait at the sidelines in view of the announcement by Opec of
    515 words
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  • COMPANY NEWS
    • Article
      PDC, Central Securities ties severed
      638 11  -  By STEVEN TAN PACIFIC Development Credit (PDC) has sold its 7.48 million shares, a 32 per cent stake, in Cental Securities for $9.72 million to a little-known company called Syarikat Cahaya Muda Perak Sdn Bhd. This transaction, together with a spate of others announced yesterday,
      638 words
    • Article
      K.T. Pau's profit rises slightly
      372 11 A BETTER second half helped Kundong Tanjong Pau achieve a marginal increase in earnings for the year ended Dec. 31, 1978. Pre-tax profit rose by 4 per cent to $1,772 million against a 17.6 per cent drop to $521,379 at the interim stage. Of the
      372 words
    • Article
      Lock icon It always pours
      412 11 SStDSCU. by HOCK LOCK SIEW IT NEVER rains but pours. That's a common saying which describes well the the latest revelations by Pacific Development Credit (PDC). PDC and its related companies have been noted in the past for their long periods of silence over controversial transactions and
      by HOCK LOCK SIEW  -  412 words
    • Article
      LATEST RESULTS
      181 11 LOYTAPE Berfcad posted a net profit of M 5411,039 ($420,633 previously), for the half-year ended March 31. Sales stood at $4.35 million ($3.58 million). PERAK Carbide Carp Bhd incurred an unaudited net loss of MJ225.505 (loss $322,525), for the six months ended March 31. Sales were $4.68 million
      181 words
    • Article, Illustration
      BID TO STIR THE BULLS PROVES FUTILE
      631 11 EVEN chartists and market analysts will tell you that of late it has been increasingly difficult to forecast with any significant measure of accuracy the trend of the Singapore share market. Earlier this year, charts indicated that the market was entering a bullish
      631 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      6 11 See Page 3 for Dividend table
      6 words
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      Page 11 Advertisements Column 2
      1135 11 Report of Independent Auditors We have examined the consolidated statement of condition of Continental Illinois Corporation and subsidiaries, the statement of condition of Continental Illinois Corporation (parent company only) and the combined statement of condition of Continental Illinois Corporation non-bank subsidiaries as of December 31.1978. and 1977. and the related
      1,135 words
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  • Article
    NWC increases will hit plywood mills
    496 12  -  By JOHN LIM LABOUR cost in plywood mills will rise by a hefty 25 to 30 per cent as a direct result of increases recommended by the National Wages Council (NWC). This, coupled with spiralling cost of logs will make Singapore-made plywood less competitive
    496 words
  • Article
    HSBC raises M. Midland offer
    327 12 MARINE Midland Banks IJjc of America said Hongkong and Shanghai Banking Corp (HSBC) has increased its offer for 25 per cent of Marine Midland's stock to US$25 (Sss4) a share from $20. In addition, Marine Midland said HSBC has agreed to a one-year extension of
    327 words
  • Article
    LONDON STOCKS
    810 12 LONDON, Thurs. Share prices were quietly firmer today, following oil price news from the Opec meeting in Geneva and a small amount of end of account buying, dealers said. At 3 p.m., the Financial Times index was up 2.2 points at 469.1. Industrial leaders were mainly 2p to
    810 words
  • Article, Illustration
    New Adelphi Hotel will cost $93m
    713 12  -  By TEO TECK WENG THE "New Adelphi" project, replacing the former hotel in Coleman Street, is once more in the process of changing hands. Negotiations for the sale of the planned 300-room hotel, now estimated to cost $93 million to build, have apparently been
    713 words
  • Article, Illustration
    Suharto urges greater effort
    557 12 PRESIDENT Suharto of Indonesia bas appealed to Vietnam and the international community to tairp more concrete steps to solve the Indochina refugee problem. In a keynote address opening the conference of Asean foreign ministers yesterday, he warned Hanoi that good relations with its neighbours depend on
    557 words
  • Article
    Lock icon Hanoi mobilises forces near Thai border
    104 12 Reuter VIETNAMESE forces in Laos have moved three battalions to the Thai north-eastern border and their movement was visible to Thai border police, the Bangkok World said yesterday. The newspaper quoted police at Nong Khai province as saying it was the first time the
    Reuter  -  104 words
  • Article
    Sentosa monorail tender open to all
    308 12 By TBANG SAU YIN THE PROPOSED maaarall system far Scataaa will be ipwrt ta lateraatfaaal traders whea the MhWry sf Plitaee approves this latest praject s( the Beat—a Develapmeat Carpsrattaa (SDC). CsastiatU— east sf the maaarall is estimated at $12 milttaa aad will take
    308 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      48 12 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Business Times? Subscribe now. .J r J>
      48 words
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      Page 12 Advertisements Column 2
      226 12 Vm •X. V m 4xl*l MUIUi fiH I Ki+.i, 44 h 4 4 ~n > j i i iJ*i) M 4 u 4~4 t ±4 M -4 i 1-4 < 4-4 i t 4 4 i-i-M i ii 4 •4-4 +~4 4"* *»-<<«♦ »i« I 1 k»«» *-4*4 ••♦■4 4*
      226 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: No rain. Report for U hours prior te 7Jt p.m. m June 28 at the airport. Maximum temperature 31.4 Associated humidity 70 Minimum temperature 24.4 Associated humidity 96 Hours of sunshine 10.45 Rainfall in millimetres Nil Total rainfall for the
      59 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon NCL to buy SS France
        106 13 UPI OFFICIALS of Norwegian Caribbean Lines (NCL) yesterday announced plans to buy the mothballed luxury ocean liner SS France and put it into service out of the port of Miami. Norwegian Caribbean Lines would pay US$lB million (5539.6 million) for the 66,348-ton France the world's
        UPI  -  106 words
      • Article
        Lock icon More bodies found
        81 13 UPI THE confirmed death toll in a fiery collision between an Italian tanker and a French freighter rose to 21 on Wednesday when rescue teams found 17 bodies in the Paris-registered Emmanuel Del mas. A rescue worker called the ship 'a floating tomb.' The discovery of the
        UPI  -  81 words
      • Article
        Lock icon Shipsoles
        85 13 Reuter SECOND-HAND tonnage brokers in London reported Lita bulk carrier 34,443 long dwt built in 1975 sold to Greek buyers for US$ll.3 million (Ss24million) and Oslo Venture bulk carrier 60,593 long dwt built in 1974 to unknown buyers for $10.5 million. Demolition brokers reported Mercury 14,804 light tons sold
        Reuter  -  85 words
    • Article
      KL shipping floundering
      622 13  -  TOO MANY DELAYS By GOH ENG KEE MALAYSIA'S ambition to develop some shipping muscle has been dented on various fronts but the bold initiatives have not been abandoned. "Things may move slowly but they are moving," said Navire Cargo Gear, the leading Swedish marine equipment manufacturer in
      622 words
    • Article
      Lock icon London freight market
      169 13 UPI FREIGHT markets leaded to Md their breath la the hope of good aewi from the apea caofereaee la Geaeva where member nations were meettag in aa effart to establish a retara to aaified all ingMeanwhile, eharteriag proceeded stowiy at rates shewiag little chaage. The first direet
      UPI  -  169 words
    • Article, Illustration
      Rig repair contract
      153 13 PAR East-Levlngstoo Shipbuilding has recently won a major rig repair contract against strong International competition. Par East-Levingston has been awarded the Job to repair A ra moo's "AMDP II" Jacknp rig. The rig, ICB' x ICS' x 25' was bniit in IMS and is capable of drilling
      153 words
    • Article
      SHIPPING LIST where your ships are due ... and when
      2308 17 SHIPPING LIST where your ships are due and when SCHEDULE A guide to ships loading at Singapore for Ports around the World i The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the
      2,308 words
    • Article
      INDEX
      520 17 Shipping Line Page C*l ACS n 5 Afea IV 3 Alpac IV 5 Angkutan V 3 ANL i 1 A PL m 2 Arya Nat n 5 ASCL m 5 Aust.Cont IV 5 Bank n 5 BBS n 2 Ben Asia in 3 Ben EAC in 2 Ben in
      520 words
    • Article
      Container Schedules
      915 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) AH export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      915 words
    • Article, Illustration
      Germany's aid package for its shipowners
      1134 18 OVER THE past few years, there has been many articles written on the problems of the British shipping industry, and it has consequently -not always been easy to maintain a sense of proportion about the seriousness of these problems. One of the best ways
      1,134 words
    • Article
      Malacca Maru's special derricks
      319 18 "K" LINE'S self-sustaining ultra-heavy lift vessel, MV Malacca Mara dwt), recently called at Singapore to load two IM-ton Supply Vessels and three 27-tonne Patrol Craft for Knwait. The five a nits, built by Vosper Private Ltd for the Kuwait Government, were loaded afloat at the Eastern
      319 words
    • Article, Illustration
      B AND C's PROFITS CUT BY CURRENCY LOAN LOSS
      518 18 PRE-TAX profits of British and Commonwealth Shipping dipped from £29.3 million to £26.5 million last year, a remarkably precise confirmation of interim indications. But had it not been for an exceptional currency loan loss from an associate of £2.28 million, the
      518 words
    • Article, Illustration
      SHIPS IN PORT
      414 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Accord (Tanker) (after Joo Hong subject gas free P/ O) 15/16 Bremen Maru (1800 after Thermopylae) 47 Cape Grafton (1500 after Kriti Emerald, bulk wheat) 8/ 9 Eastern Mercury No.l (1500 27/28 Kota Mulia (0700) 10/11 Letitia Lykes (0100) 45 Nedlloyd Kimberley
      414 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      319 13 a st class transport Agents: Nedlloyd EAC For further details, please refer to page 3 IScanDutch^l IA RDIM AN I All Orient Overseas Co*dcj*te?i Line FROM EUROPE (VIA SUEZ) Ouki Trtr* 11/7 12/7 19/7 20/7 24/7 25/7 16 8 17/8 25/8 27/8 FULLY CONTAMERISED TO/FROM US WEST/EAST COASTS. ISTRAITS CARGO
      319 words
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      Page 13 Advertisements Column 2
      596 13 SEALORD ANTAH UASC UNITED ARAB SHIPPING CO (SAG) All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability ■■ARABIAN GULF WEEKLY SERVICE! H I—i1 —i —i Vessel Spore Loading for 30/6 Muscat (12/7). Dammam (15/7). Kuwait (17/7) Shuaiba (20/7) 14/7 Dubai 126/7). Dammam (29/7). Kuwait 1/8)
      596 words
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      Page 13 Advertisements Column 3
      585 13 NedHoyd Lines Call us We call the world Agents: Nedlloyd EAC Please refer to page 3 MAERSK LINE PTT Paot* Pacrt* Hortt Nest. UH ''"Mill ill 1 I II II wn—mtm MAERSK* ■MnAPn. 1-2/7 tin ARNOLD MAERSK M/ 7 M»/7 ARTHUR MAERSK Maenk Map 15-15/7 lt-lt/7 AMLQ MAERSK a/7 23-a/7
      585 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      462 14 Fttdtf P Ketang Spore HK Thame* Maru* 29/6 6/7 ttw Eiprew Benaider 4/7 6/7 9/7 Ahter Eipreu 19/7 Hamburg Eipress 11/7 13/7 16/7 Miter Eipreu 19/7 4 7 5/7 11/7 13/7 17/7 19/7 29/7 31/7 7 8 9'B Oil Agents SEGANI S«n|jpor» T SI7II Booting CIS t'jmptw *****1 P fcttjng
      462 words
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      Page 14 Advertisements Column 2
      467 14 barber blue sea BarterMu«S«) Prom US ATLANTIC US GULf i EAST CANADA £3 toi *< J Sap Z1 I Amk 19 S«9 4 Oct U S«p 19 Oct 4 Next Loader: "BARBER PRIAM" July 5/6 at BARBER LINES* TERMINAL GO- DOWN 47. CkMing data* FCL 4/7; LCL 3/7. 3-4/7 5-7/7
      467 words
    • Advertisement
      Page 14 Advertisements Column 3
      535 14 fG) EVERGREEN LINE FAR EAST EUROPE EXPRESS FULL CONTAINER SERVICE ACCEPTMGIARGO FOR HAMBURG. FELIXSTOWE, ROTTERDAM. ANTWERP. LE HAVRE ALSO ACCEPT KG CARGO FOR: united kmgdom SOUTHAMPTON. LONOON. MANCHESTER. BMMMGHAM. BRISTOL. LIVERPOOL. GLASGOW. LEEDS WEST GERMANY BRfHnsawr HOLLAND AMSTEROAM S pari Mrti| FAdm btUrtaa Aahmp L* Htwt ImftM 1M SM 24
      535 words
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      Page 14 Advertisements Column 4
      873 14 !Vl// f I teg| Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON aivpm HTANTARnTWA..... 30 M»/3 My PAGAN C/7M, B F S.S.C Agenu m Malaysia TEPS MALAYSIA Port Kelong Teli3B>-7355 Penong Tel *****/***** jcA* Compania Argentina Da Compania Argentina Da |pT\> Navagacion Intarcontinantal S. A. C. I.
      873 words
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      Page 14 Advertisements Column 5
      634 14 j mo.s.E. OCEAN SHIPPING ENTERPRISES PTE LTD RM 2102 2103 21ST FLOOR MARINA HOUSE SHENTON WAY MISTRI ROAD SINGAPORE 2 TEL *****44 7& *****70 SANKYO LINE AUSTRALIA SERVICE MAYSKY DIAMOND STAR. YUERnO P Ketang 3/4 My 15/17 My 23/25 My Sot apart 1/2 My 11/20 My 20/22 My LMdnf lor
      634 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      673 15 OCL Overseas Containers Limited Weekly service to/from UK/Eg rope To UK/Continent KMrtm Bur Tafae Exprtu Mans MM Contaaiar Sarnca* Pit Ltd *****1 Cantawar Agendas Sdn BM *****4 Cantamar Agancas Sdn BM *****6/8 Bans MM Shipping Agancias Sdn Bhd *****1/3 Australia Straits Container Line (A member of ANRO) Ro-Ro Container Servica
      673 words
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      Page 15 Advertisements Column 2
      988 15 tn GRANARD UNE 41'; j3 3>U. ;vvi NEST BOUND-FAR EAST/MEDITERRANEAN M.V MM FUNG V.28H.. S'pn PKalang Na| 14 M 17 M M.V RHONE FUNG V-2M. MM All VESSELS ACCEPT* COOT USX CARGO Jeddab/P Said. AJeiandna Beirut LatlaAia'PirMus Tripoli/Benghazi Jeddab P Said/Aieiandria Beirut Lattakia EAST BOUND-MEDITERRANEAN/FAR EAST M.V. KWONE FUNS 231..
      988 words
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      Page 15 Advertisements Column 3
      826 15 BEN LINE CONTAINERS EXPRESS COKTAffR SERVICE TO/FROM EUROPE TO EMOTE S port P Kelang Germany/Austria Antwerp France »U Tokio Eipress to fort 30/t 20/7 22/7 23/7 lg Elbe Maru «/7 27/7 2J/7 30/7 1/8 24 Osaka Bay 9/7 »/7 30/7 31/7 3/S 4 Liverpool Bay U/7 13/7 2/8 (10/S) 31
      826 words
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      Page 15 Advertisements Column 4
      560 15 Scan Dutch 9 WEEKLY EXPRE LVil >iu:i»*<«»Tl *»7iii :#j; i»]i? 3) W>K| 4) Gtmri eastbouwTfrom m^/uk/nc/scanpinavia 1) Cbwi I) tfbw| 3) In 4) Rdam S) LeH t) Msafcs FTeu ICO Kin SaM Salad SaM Smm SaM SaM 1/7 StUMM SaM SaM SaM SaM SaM SaM 7/7 WON SaM SaM SaM
      560 words
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      Page 15 Advertisements Column 5
      607 15 BOUSTEAD AGENCIES THE BANK LINE LTD. FMOKMCN (Reiiruon Durban ClownPEELdn) Spore 24/28 Aug P Keiang 29/31 Aug FROM EAST I SOUTH AFRICA FOR BANGKOK MAMA A VESSEL Penang P Keiang S pore Aug U.S. GULF COAST SERVICE (New Orleans, Mobile, Houston, Galveston) Singapore p Ketong Kuantan US Gdf VELMA LYKES
      607 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      730 16 K line KAWASAKI KISEN KAISHA. LTD. f UROPf I XPRESS SERVICE TO EUROPE P Keiang L Harre R dam 5 Aug (acccptng cupn I* Scjndnana ni lUwt»|) FROM EUROPE TO FAR EAST •l Havre P Kelang S pore H Hong Osaka T tt CHEF 14E Sailed 130 Jun 2My |1
      730 words
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      Page 16 Advertisements Column 2
      764 16 m U.S.A./EAST CANADA SERVICE E.C./CREAT LAKES SERVICE LOAHNG FOR WW TOM. NORFOLK. MONTREAL. TORONTO Penang Beiaaan P Ketang Smgapoi ycsxM tit (Cjk aucage) a/if My 23/24 My 20/221 •A VESSEL" 15/14 Aug IVM Aug mu I CALIFORNIA/PACIFIC NORTH WEST SERVICE In** Mr IDS MttUS MM FUMCSCO. si mil lICOM IUKWKt
      764 words
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      Page 16 Advertisements Column 3
      681 16 o (•roup SINGAPORE SHIPPING AGENCIES PTE. LTD 20TH FiOOH OCEAN BUILDING SINGAPORE 1 MARKETING (3 LINES) GENERAL *****1 <14 LINE Sl TELEX RS 2459S RS ***** A 0 CARSMiP CABI E CARGOSMIP jr, SISGA PORE ISLASDS USE MIDDI.t EAST RH.L LAR USER A SAFE WAV TO SHIP BY SSA GOLDEN
      681 words
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      Page 16 Advertisements Column 4
      758 16 MALAYSIA* INTCHNATIONAL SHIPPING CO*PO#ATK)N BtKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WESTBOUND: Feeder *P Kelang Vessel Sport 1) Mseides 2) Rdam 3) H burg 4) Gburg 1) Barcelona. Genoa. 2) Amsterdam Antwerp I Hatrre. EWbac Bask UK. 3) Bremen Bremenhaven Aarhus Copenhagen Helsinki 4) Malmo Stockholm Oslo •Accepting Europe cargo
      758 words
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      Page 16 Advertisements Column 5
      795 16 INTRASEA (PTE) LTD Faber House 234E Orchard Road Singapore 9 Telephone *****11'*****57 3 REGULAR INDEPENDENT SEMI/FULL CONTAINER SERVICE TO EUROPE S'nore P. Keianr Penane Loading tor: RATNAMANORAAM W1842 2 U 4M Avon(UK) /Boulogne/ EVMARWB4S 22 Jul 24 hd Boulogne Rdm Avon(UK) Agents Singapore MTRASEA (PTE) LTD *****11 BOOK KG *****57
      795 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      232 17 INTERNATIONAL LINE (EIL) EGYPTIAN FLAG FAST AND DMECT LINER SERVICE TO EGYPT (PORT SAID ALEXANDRIA) STORE PT KQ PCNANG PT SAC ALEXANDRIA PYRAMDSU My 3 U>l7 U)2l WLE 0 My 21 Aug 14 Aoj 19 MMTMIC CJKO MAX CONTACT $o*l*ol SMCWOK Til *****11 GENERAL AGENTS: SUB-AGENTS. L.N. SHIPPING PTE LTD
      232 words
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      Page 17 Advertisements Column 2
      280 17 €<*at €*preaA gi Me igtd WEST BOUND LOAOtNG FOR MUSCAT DUBAI ABU DHABI BAHRAIN KUWAIT BACHLONG V.96N EASTERN EXPRESS V.9«W(TBC) EAST-BOUND WSCHARONG ONLT RANGOON/CHTTTAGONG/CHALNA SERVICE M.V FIVE ISLANDS CONTAINER SERVICE TO AUSTRALIA M.V. SUN EIERALD LQADMG FOR. Sy^wy/Mifcium/A s—* Gulfeast Shipping Pte Ltd Suite 704/706, Ocean Building, CoHyer Quay. Singapore
      280 words
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      Page 17 Advertisements Column 3
      332 17 f.T. PERUSAHAAN PELAYARAN ANGKUTAN PERTAMBANGAN THE OUT SMGAPORE/tBOKSU CONTAMER FEEDER SERVICt AUTHORISED BY MDONESIA GOVERMOT WITH FULL CONTAOO VESSELS EACH CARRYMG 112 TEU VESSEL SMGAPORE LOADMG FOR TAMBANG VI M PORT JKT TAKARII M PORT JKT ALSO ACCEPTMG CARGO FOR INDONESIA GOVERNMENT PROJECT AND HEAVY MACHINE RES TAKARI IV 13/7
      332 words
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      Page 17 Advertisements Column 4
      322 17 CHINA OCEAN SHIPPING COMRWY Feqf Guanf •Tone >M( Acccptnc contanm ukc sonnet f MIANG PENANG In ft/30 Jim 25/27 My 27/29 My LOAMNG FOR Rotterdam Rotterdam/Hamtourj London/Antwerp/ Rotter dan/Hambwf mmmiEM sea service 25/25 My Barcetocu MarseAn Genoa AGENTS Chung Chtoo Shipptng Sdn Bhd Port Kelang Tel *****6, *****8 Penong Tel
      322 words
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      Page 17 Advertisements Column 5
      271 17 CELTIC BULK CARRIERS t-'firdon Smith ,ne Itd lr „1 lish Sh. .|.,r<g I M Regular Bulk Service For Timber Plywood Spore r KeUo; Loadng tar 3/7 5/7 NANTES. HOUAND FLORA H (Wr 2) RISH CEDAR (VOT 3) NANTES MONTOtR Ha TIL. I POOL, DUBLIN HOL. TIL. L POOL ANT L!
      271 words
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